The COVID-19 Outbreak Case Study - Medical Science Assignment Help

Assignment Task

Abstract

International travel restrictions to contain the spread of COVID-19 and precautionary behaviour on the part of travellers have significantly disrupted the movement of people globally. Education and tourism were Australia’s fourth and fifth largest exports prior to the pandemic, and exports of these services have fallen sharply. This article documents the effects of the virus on Australia’s education and tourism exports and draws on information from the Reserve Bank’s regional and industry liaison program to discuss the uncertainties around the medium-term outlook once international travel resumes.

Introduction

International travel restrictions to contain the spread of COVID-19 and precautionary behaviour on the part of travellers have significantly disrupted the movement of people across international borders. Australia, like most countries, has been severely affected. An average of 28,000 international visitors arrived in Australia every day for leisure, study or work in 2019. These visitors spent around $65 billion on Australian goods and services in the year, accounting for 13 per cent of exports and 3 per cent of GDP. The collapse in international arrivals since the outbreak of COVID-19 has had a devastating impact on Australian businesses that service these visitors and has contributed to the sharp fall in economic activity over the first half of the year.

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